Prices of Japanese cars fall below $100,000 mark
They hit two-year low following plunge in small-car COE premiums
Published on May 10, 2014 7:16 AM
The prices of entry-level Japanese sedan cars have fallen below the psychological $100,000 mark following the dive in certificate of entitlement (COE) premiums this week, particularly for cars with engine capacities of up to 1,600cc.
The 1.5-litre Nissan Almera sedan is now $93,800, down from $102,800 before the COE plunge.
The newly launched Mazda 3 sedan of the same capacity was $113,988 two weeks ago, but $99,988 now.
These prices include COEs that are not guaranteed. To be sure of getting a car despite the fluctuations in the bidding cycles, buyers usually have to fork out a bit more; for instance, they can secure an Almera for $98,800.
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